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Oklahoma wheat prices are rising ahead of the June harvest as flour millers buy more wheat amid coronavirus-driven consumer stockpiling of bread, pasta and flour. Extension specialists warn that travel restrictions could keep custom harvesters from Canada and the northern U.S. from reaching Oklahoma fields, and Russia is rebuilding its domestic wheat reserves.
Higher hard red winter wheat prices and possible harvest labor shortages could tighten HRW supplies and raise feed wheat costs for buyers.
kosu.orgChelsea FergusonApr 1, 2020After 102 past bullish trade events, KWHEAT moved a median 0.0% over 5 sessions (49% higher; middle half -2.0% to +3.5%), and -1.4% over 20.
After 431 past bullish trade events, WHEAT moved a median +0.0% over 5 sessions (50% higher; middle half -1.3% to +2.1%), and +0.5% over 20.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
